Bed Bath & Beyond's stock price has been in a nearly continual decline since 2015. 'We are becoming increasingly concerned a Chapter 11 bankruptcy filing is forthcoming,' a managing director at Loop Capital says.
A Bed, Bath & Beyond in Pasadena, Calif., on Jan. 28, 2021. Company shares fell by more than 40% on Friday.By
In March, Cohen revealed his purchase of a 9.8% stake in Bed Bath & Beyond. Online retail investors took the announcement as a hint that the home goods retailer was Cohen's next turnaround candidate. Cohen went on to pressure the company to force out then-CEO Mark Tritton and appoint three hand-picked board members.
And today, according to one Wall Street analyst, the physical decline in the company's stores is evidence that the company's longstanding issues remain.
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